UK: Tesco FY profit slides on lower sales, margins

UK: Tesco FY profit slides on lower sales, margins

Tesco booked a near 7% drop in underlying pre-tax profit in fiscal 2013/14, a year that saw margin dented by investments in creating a "compelling offer for consumers" in a bid to stem the firm's sales decline.

CHINA: Meat processor WH Group details $5.3bn IPO

CHINA: Meat processor WH Group details $5.3bn IPO

WH Group, the world's largest pork producer, has announced plans to list in Hong Kong in an initial public offering that could raise more than HK$42bn (US$5.3bn).

FRANCE: Unilever shake-up, 97 jobs set to go

FRANCE: Unilever shake-up, 97 jobs set to go

Unilever's French unit has announced restructuring that will see 97 jobs put at risk.

Consuming issues: Seven a day, no fooling

Consuming issues: Seven a day, no fooling

Announced on 1 April, research that said we should be eating seven portions of fruit or veg a day was not an April Fool but may have prompted a wry smile from those who struggle to get near the 'five-a-day' recommendation.

Confectionery: BRICs and beyond: China a sweet spot for gum makers

Confectionery: BRICs and beyond: China a sweet spot for gum makers

Chewing gum manufacturers have seen sales come under pressure in developed markets in North America and Europe but other parts of the world are providing growth - and China is one such market. Dean Best reports.

Focus: EU funds international project in food fraud fight

Focus: EU funds international project in food fraud fight

Participants within an EU-funded research project on fighting food fraud believe they can help rebuild consumer confidence in Europe's food sector, following last year’s horsemeat scandal, writes Andrew Byrne in Brussels.

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just-food's research round-up: Dairy in Indonesia, gum in China

This week's featured research from the just-food store majors on emerging markets - with reports on the dairy market in Indonesia, packaging in Asia Pacific and chewing gum in China.


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UK: Tesco FY profit slides on lower sales, margins

16 April 2014

Tesco booked a near 7% drop in underlying pre-tax profit in fiscal 2013/14, a year that saw margin dented by investments in creating a "compelling offer for consumers" in a bid to stem the firm's sales decline.

FRANCE: Danone Q1 volumes disappoint in dairy, infant nutrition

16 April 2014

Danone has seen its share price dip this morning (16 April) after reporting first-quarter organic sales that narrowly missed consensus expectations.

UPDATE: US: Chobani hits Latin America, eyes Caribbean

16 April 2014

US yoghurt producer Chobani said today (16 April) it had started exporting to the Central American state of Panama - and is eyeing markets in the Caribbean.

 

Deal or no deal: Analysts divided on Dorset Cereals sale

Toward the end of last week Kellogg, Weetabix and Associated British Foods were all named as potential suitors looking to buy UK cereal brand Dorset Cereals from Wellness Foods. Hannah Abdulla looks at where Dorset Cereals could next end up.

Hot issue

Tesco confirms year of falling profits

Tesco confirms year of falling profits

The UK retailer's annual results, out today (16 April), underlined the challenges facing the company.

Read more here / View all hot issues

Latest comment

Some in the City have questioned effectiveness of Tesco

Comment: Tesco under rare level of scrutiny

On Wednesday, Tesco reports its latest set of annual results - and rarely has a major retailer be under so much scrutiny.

Read more here / View all comments

 

In the spotlight: Brussels organic plans cause concern

Food retailers across the EU are facing additional administration to sell organic food products, because of reforms proposed last week by the European Commission, writes Keith Nuthall.

Recent hot issues

Food security - the challenges

Food security - the challenges

Food security returned to the fore last week with the UN's new report on climate change, which reiterated that a warming population would affect production. However, as well as supply, issues of consumer demand need to be considered when trying to solve what is a hugely complex issue.


View all hot issues

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On the money: Tesco admits online cannibalising stores

16 April 2014

Tesco CEO Philip Clarke has conceded the growth of online grocery retailing in the UK has had a negative impact on the performance on its physical stores.

What the analysts say: Has Tesco hit rock bottom?

16 April 2014

Tesco reported a disappointing set of full-year numbers with both sales and profits falling this morning (14 April). The UK retail behemoth has faced declining consumer spending and a battle to make its big-box stores relevant. But has the company hit the bottom of its downward curve and will the group's 2014 performance improve? Here is what the City had to say about Tesco's performance.

Comment: Tesco under rare level of scrutiny

14 April 2014

On Wednesday, Tesco reports its latest set of annual results - and rarely has a major retailer be under so much scrutiny.

Editor's viewpoint: Tesco's food-to-go push looks foolhardy

11 April 2014

Tesco is reportedly looking at rolling out a food-to-go concept in London in its latest bid to try to find some growth in its domestic market. But, if the move happens, is it really wise to enter such a competitive space?

Deal or no deal: Analysts divided on Dorset Cereals sale

10 April 2014

Toward the end of last week Kellogg, Weetabix and Associated British Foods were all named as potential suitors looking to buy UK cereal brand Dorset Cereals from Wellness Foods. Hannah Abdulla looks at where Dorset Cereals could next end up.

Consuming issues: Seven a day, no fooling

10 April 2014

The latest intervention in the diet and health debate in the UK hit the headlines on 1 April. It was not an April Fool but the findings of research from University College London that we should be eating seven portions of fruit or veg a day may have prompted a wry smile from those who struggle to get near the 'five-a-day' recommendation.

Focus: EU funds international project in food fraud fight

8 April 2014

Participants within an EU-funded research project on fighting food fraud believe they can help rebuild consumer confidence in Europe's food sector, following last year’s horsemeat scandal, writes Andrew Byrne in Brussels.

Editor's viewpoint: Food security and consumer demand

8 April 2014

There is a growing consensus that a warming climate has an impact on food production - putting supply firmly at the debate over food security. But the demands of a growing global population are just as important to consider as industry, government and academia wrestle over how to solve the issue.

In the spotlight: Brussels organic plans cause concern

4 April 2014

Food retailers across the EU are facing additional administration to sell organic food products, because of reforms proposed last week by the European Commission, writes Keith Nuthall.

 

just the answer - Strauss Group CFO Shahar Florence

Coffee accounts for over half of Strauss's sales but the Israel-based group has aspirations to grow its food business. Hannah Abdulla met Strauss CFO Shahar Florence to find out more.

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